Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) Declares Monthly Dividend of $0.10

Blackstone Senior Floating Rate 2027 Term Fund (NYSE:BSL) declared a monthly dividend on Friday, December 12th. Shareholders of record on Friday, February 20th will be given a dividend of 0.095 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Friday, February 20th.

Blackstone Senior Floating Rate 2027 Term Fund Stock Up 0.0%

Shares of NYSE BSL traded up $0.01 during midday trading on Wednesday, reaching $13.23. 746 shares of the company’s stock were exchanged, compared to its average volume of 49,828. The business’s fifty day moving average price is $13.50 and its two-hundred day moving average price is $13.81. Blackstone Senior Floating Rate 2027 Term Fund has a 52-week low of $13.17 and a 52-week high of $14.43.

Institutional Investors Weigh In On Blackstone Senior Floating Rate 2027 Term Fund

Several large investors have recently made changes to their positions in BSL. Harbour Investments Inc. lifted its stake in shares of Blackstone Senior Floating Rate 2027 Term Fund by 520.3% in the 4th quarter. Harbour Investments Inc. now owns 1,861 shares of the company’s stock worth $25,000 after acquiring an additional 1,561 shares during the period. Kestra Advisory Services LLC acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter valued at approximately $34,000. Susquehanna International Group LLP acquired a new stake in Blackstone Senior Floating Rate 2027 Term Fund in the 3rd quarter worth approximately $144,000. Spinnaker Investment Group LLC acquired a new position in Blackstone Senior Floating Rate 2027 Term Fund during the 3rd quarter worth $158,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of Blackstone Senior Floating Rate 2027 Term Fund in the fourth quarter worth $187,000.

About Blackstone Senior Floating Rate 2027 Term Fund

Blackstone Senior Floating Rate 2027 Term Fund (NYSE: BSL) is a closed-end management investment company that seeks to provide investors with current income by primarily investing in senior floating-rate loans. Managed by Blackstone Credit, the fund focuses on lending solutions to corporate borrowers, offering exposure to debt instruments designed to adjust with prevailing interest rates. BSL’s structure is designed to mature in 2027, at which point the fund will seek to liquidate its portfolio and distribute proceeds to shareholders.

The fund’s investment strategy centers on senior secured loans and other floating-rate debt issued by U.S.